COMPANY REGISTRATION NUMBER:
15797602
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Creditors: amounts falling due within one year |
5 |
204,450 |
|
------------ |
|
Net current assets |
972,440 |
|
--------- |
|
Total assets less current liabilities |
972,440 |
|
--------- |
|
|
|
Capital and reserves
|
Called up share capital |
1 |
|
Profit and loss account |
972,439 |
|
--------- |
|
Shareholder funds |
972,440 |
|
--------- |
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
29 December 2025
, and are signed on behalf of the board by:
Company registration number:
15797602
|
Notes to the Financial Statements |
|
Period from 23 June 2024 to 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents the apportionment of partnership profits during the period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4.
Debtors
|
31 Mar 25 |
|
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
75,000 |
|
Other debtors |
1,101,890 |
|
------------ |
|
1,176,890 |
|
------------ |
|
|
5.
Creditors:
amounts falling due within one year
|
31 Mar 25 |
|
£ |
|
Social security and other taxes |
204,450 |
|
--------- |
|
|
6.
Related party transactions
The company is 100% owned by Paul Tutin Top Co Limited. The company was under the control of
P F Tutin
throughout the reporting period, who is also the sole director. No transactions with related parties were undertaken such as are required to be disclosed under FRS102 section 1a.